The Bozeman weekly chronicle. (Bozeman, Mont.) 1883-1889, 1887-07-27
MR.. sAVERY'S DIFFICULTIES.
A Mining Gentleman OF Montana In
Great Trouble.

Mr.. Savery of the Cable mine, gentle.
man who visited Bozeman last summer
and made many acquaintance here is in
trouble in New York, which is described
as follows by the New Northwest:
New York papers of a recent date give
account of some complications in which
j. c, Savery, Esq, owner OF the Cable
mine and mill, figures conspicuo,sly 1t
appears Mr.. Savery is President of the
American Emigrant Company, which
has been doing business at Castle Gar
den for nearly quarter of century,"
1t does a general emigration business
with the Scandinavian countries, bank
ing to the extent ofreceiving remittances
from those who have located here and
sending back for their friend, inducing
emigration and receis ing it at Castle
Garden. They say they have brought
10000 of the better Glars Of emigrants to
America. A couple of years since they
employed young Finlander named
Gronlund at once of their desks to take
charge of the Finland Department. He
was bright, familiarized himself with the
business and personally levied commits
sions on the emigrants. About four
months ago he forestalled his discharged
by resigning for the purpose of going in
to the business himself, and circulated
reports which reached the ears of Com
missioner Stephenson, that the Ameri-
can Emigrant Company was doing
banking business, and that a depositor
who had $4,000 in their hands had to
take Missouri bonds in paymen. whe Ii
he wished to draw out his money. Ste
phenson fired up, t old Mr.. Savery he "had
never heard If his concern before, sir"
and intimated the Co mpany was swind-
ling. Thereupon Mr.. Savery told him
they had been doing business there
twenty-five years, had never wionged
man ofa dollar, and directed his attorneys
to bring suit against Stephenson for libel.
He says they do banking business to
the extent of receiving moneys as stated
and pay four per cent. interest on de.
posits after certain time. As to the
Missouri bond transaction, Mr.. Savery
says this same man, Gronlund, is the one
who received it; that the bond is good;
that the President and Secretary of the
Chemical National Bank are stockhold-
ers of the Company that issues them;
that they draw per cent. interest, an d
that when the Manager of the A. E. Co
directed Grounlund should be paid the
$4,000 balance due him IN cash, he asked
for and was given the bond as a prefer.
erance. He afterwards capped Finland.
er into depositing $50 with the Com.
pany, for which he received certificate
deposit. and thus established that they
were doing banking business. The
New York World stands in with Mr..
Savery, and its reporters have been
denied admittance to the Commissioner
The State Register, of Des Moines, Iowa,
which Mr.. Savery established, vouches
for the responsibility of Messrs. savery
and Callahan, who is presumed to I've the
other partner of the Company, and rates
Mr.. Callahan at $1,000 900 and Mr.. Saw
erv at 81 ,O0G 900, which latter figure is a
moderate one for Mr.. Savery.
But the American Emigrant Company
is not content to be on the defensive.
Two serious charges are lodged against
Commissioner Stephenson-on that he
has winked at a very fagrant violation
of law in permitting railroad pool to
control the transportation of emigrants
westward, allowing a half dozen rail.
roads to monopolize the business and
fix an arbitrary rate OF $l3 from New
York to Chicago, huddling the emigrants
like cattle in slow trains that took As
hours, to their injury and cost, while un.
der competing tariff they had hauled
them for IS each. The Pennsylvania
road for nine months of 1885 carried
them for 81 per head and made money
on their transportation. 1t was charged
that while out Of the 100000 to 100000
emigrants annually carried westward the
pool railroads must make at least $780,
900 annually. All the public money
consideration the Commissioners receiv.
ed was 81, 900 year. The second charge
is that Stephenson maintained little
bank of his own on Eighth Avenue, in
which he insted the Commissioners cur.
rent deposit of 100000 to $4,000 must be
made, and that singularly enough some
of the favored railroads kept their bal
ances in Stephenson's bank.
This is the way the fight stands now
and the court trial promises to revea
some interesting matters. If it is to comt
to issue soon we may not expect Mr.. Saw
cry back in Montane for some time, as
the Emigration Company. of which he
is president, is worth looking after, ant
it will be necessary now for it to win tn,
battle it is waging or it will have to g
out Of business.